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Mar 31, 2022
Chubb Q1 2022 Earnings Report
Chubb's first quarter performance was marked by record core operating income and underwriting results, driven by double-digit commercial premium growth and strong momentum in consumer businesses.
Key Takeaways
Chubb Limited reported a net income of $1.97 billion, or $4.59 per share, and core operating income of $1.64 billion, or $3.82 per share, for the quarter ended March 31, 2022. The P&C combined ratio was a record 84.3%.
Net income was $1.97 billion, compared to $2.30 billion in the prior year.
Core operating income was $1.64 billion, up from $1.14 billion in the prior year.
The P&C combined ratio was a record 84.3%, compared with 91.8% in the prior year.
Global P&C net premiums written increased by 8.8%, or 10.7% in constant dollars, driven by growth in commercial lines of 11.9% and consumer lines of 7.9%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Chubb expects investment income to increase given rising interest rates and widening spreads, and remains optimistic and confident in their ability to outperform.
Positive Outlook
- Record operating earnings and underwriting results
- Double-digit commercial premium growth
- Rate increases in excess of loss cost
- Growing momentum in consumer businesses globally
- Expect investment income to increase
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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